James Crombie

New York

Host at The Credit Edge by Bloomberg Intelligence

chronicles of capitalism @business. occasional British malarkey. views own, RT not endorse. Present fears are less than horrible imaginings.

Articles

AMERICAS DISTRESS DAILY: Sunnova Faces Default on Warehouse Loan

2 days ago | news.bloombergtax.com | James Crombie

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AMERICAS DISTRESS DAILY: Sunnova Faces Default on Warehouse Loan

2 days ago | news.bloomberglaw.com | James Crombie

demands as it struggles to secure fresh cash to avoid bankruptcy. The company has been working with creditors to inject new funds but faces a technical default on a warehouse loan. • The residential solar sector has suffered due to high interest rates and lower government incentives, making it more expensive for households to buy equipment. • About $167 million in debt was outstanding under the warehouse loan facility as of the end of 2024, with Atlas Securitized Products serving as the agent.
AMERICAS DISTRESS DAILY: Trump Policies Push Farms to the Brink

3 days ago | news.bloombergtax.com | James Crombie

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
AMERICAS DISTRESS DAILY: Trump Policies Push Farms to the Brink

3 days ago | news.bloomberglaw.com | James Crombie

President Donald Trump’s global tariffs and freezing of federal agriculture grants have added to financial strains on American farmers, who are at the highest rate in years. • Family farm bankruptcies increased by 55% last year compared to 2023 and are trending even higher this year as farmers continue to grapple with depressed agricultural commodity prices and high input costs. • Elsewhere, Zips Car Wash LLC of its reorganization plan with support from its junior creditors and lenders.
Credit Markets Are Betting That Tariffs Don’t Stick: Macro View

1 week ago | news.bloombergtax.com | James Crombie

Debt markets were jolted from months of by trade war escalation. The resulting orderly repricing of bonds and loans shows credit investors betting on more policy U-turns as the global tariffs order shifts. • Corporate debt risk gauges flared this month by the most since the depths of the pandemic in 2020. The current environment is arguably more than five years ago, when the Federal Reserve bailed everyone out, yet spreads are off April peaks and far from screaming distress.
Credit Markets Are Betting That Tariffs Don’t Stick: Macro View

1 week ago | news.bloomberglaw.com | James Crombie

Debt markets were jolted from months of by trade war escalation. The resulting orderly repricing of bonds and loans shows credit investors betting on more policy U-turns as the global tariffs order shifts. • Corporate debt risk gauges flared this month by the most since the depths of the pandemic in 2020. The current environment is arguably more than five years ago, when the Federal Reserve bailed everyone out, yet spreads are off April peaks and far from screaming distress.
UBS dice que intervención de Fed en mercado de bonos es aún lejana

1 week ago | bloomberg.com | James Crombie

Los diferenciales de crédito se han ampliado significativamente este mes, pero siguen lejos de los niveles que obligarían a la Reserva Federal a intervenir, según UBS. “Los indicadores actuales no sugieren una justificación inmediata para la intervención”, escribieron estrategas de UBS dirigidos por Matthew Mish en una nota fechada el 13 de abril.
Credit Market Rout Has Ways to Go Before Fed Steps In, UBS Says

1 week ago | bloomberg.com | James Crombie

The Marriner S. Eccles Federal Reserve building in Washington, DC. (Bloomberg) -- Credit spreads have widened significantly this month but they remain far from levels that would compel the Federal Reserve to step in, according to UBS. “Current indicators suggest no immediate justification for intervention,” UBS strategists led by Matthew Mish wrote in a note dated April 13.
UBS Says Credit Market Rout Has Ways to Go Before Fed Steps In

1 week ago | news.bloomberglaw.com | James Crombie

Credit spreads have widened significantly this month but they remain far from levels that would compel the Federal Reserve to step in, according to UBS. “Current indicators suggest no immediate justification for intervention,” UBS strategists led by Matthew Mish wrote in a note dated April 13. UBS uses the New York Fed’s Credit Market Distress Index to model how wide the premium to Treasuries that corporate debt would need to reach before the Fed jumped in.
UBS Says Credit Market Rout Has Ways to Go Before Fed Steps In

1 week ago | news.bloombergtax.com | James Crombie

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